Asian Markets ended mostly higher on Monday, despite escalating tensions between Washington and Beijing. In a major blow for China’s advanced tech ambitions, the US Commerce Department reportedly ordered US companies to seek permission before selling their technologies to Chinese semiconductor giant Semiconductor Manufacturing International Corp (SMIC). Renewed hopes of more US stimulus measures further buoyed sentiment, but a cautious undertone prevailed as US President Donald Trump and former vice-president Joe Biden prepare to square off in their first pre-election debate on Tuesday. However, some gains were capped by fears of resurgence of corona virus cases in Europe, which could dent the global economic recovery.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,217.53 | -1.89 | -0.06 |
Hang Seng | 23,476.05 | 240.63 | 1.04 |
Jakarta Composite | 4,906.55 | -39.24 | -0.79 |
KLSE Composite | 1,511.66 | 2.52 | 0.17 |
Nikkei 225 | 23,511.62 | 307.00 | 1.32 |
Straits Times | 2,483.01 | 10.73 | 0.43 |
KOSPI Composite | 2,308.08 | 29.29 | 1.29 |
Taiwan Weighted | 12,462.76 | 229.85 | 1.88 |
